North America E-Waste Management Market Share, Trends, Revenue, Growth Drivers, Challenges, Opportunities and Competitive Analysis 2024-2033


North America E-Waste Management Market Share, Trends, Revenue, Growth Drivers, Challenges, Opportunities and Competitive Analysis 2024-2033: SPER Market Research

 Category : Chemical & Materials

 Published: Jun-2024
 Author: SPER Analyst

North America E-Waste Management Market is projected to be worth USD 55,245.63 million by 2033 and is anticipated to surge at a CAGR of 13.73%.

E-waste management is the proper collection, recycling, and disposal of electronic trash, or "e-waste." This category includes a wide range of discarded electronic gadgets and equipment, such as obsolete laptops, smartphones, televisions, and home appliances. As technology improves at a quick pace, electronic devices become obsolete faster, resulting in an increase in e-waste production. As a result, proper e-waste treatment is vital. E-waste frequently contains toxic compounds such as lead, mercury, and cadmium, which can pose serious environmental and health problems if not properly treated. These compounds can leak into soil and water, contaminating them. Furthermore, e-waste management helps resource conservation by recovering important materials such as metals and plastics through recycling procedures, hence reducing the demand for new raw materials.

North America E-Waste Management Market Driving Factors and Challenges

Driving Factors- Technological advancements, increased purchasing power among end users, low beginning costs, and a high rate of obsolescence have all contributed considerably to the rapid expansion of e-waste buildup. Purchasing power among end users has given them the ability to update to new technologies as needed. The frequent changeover to newer devices and disposal of old ones has greatly contributed to e-waste generation. The limited life lifetime of electronic devices such as refrigerators, mobile phones, and televisions has resulted in their frequent replacement, resulting in e-waste. Given the aforementioned factors, effective e-waste management has become critical.

Challenges- Market expansion is impeded by inadequate knowledge regarding the disposal of e-waste. One of the most important environmental issues facing the world today is the disposal of e-waste. Electronic garbage contains potentially hazardous materials; if improperly disposed of, it could wind up in landfills. This factor has a role in the soil's accumulation of heavy, poisonous, and dangerous metals like cadmium, lead, mercury, and arsenic. When these toxic substances seep into groundwater systems and cause groundwater pollution, it poses a serious threat. Furthermore, these dangerous materials that escape from e-waste may come into contact with landfill workers. Computers, TVs, smartphones, printers, scanners, and fax machines are examples of e-waste items.

Impact of COVID-19 on North America E-Waste Management Market
Due to the COVID-19 epidemic, less electrical and electronic equipment was consumed in the first three quarters of 2020, especially in the first and second quarters. This resulted in less trash being generated from electrical and electronic equipment. In low- and middle-income countries, the reductions were thirty percent, whereas in high-income countries, they were just five percent. The digital divide is a result of the population growth in low- and middle-income nations and the resulting discrepancy in access to electronics and modern communication technology. Globally, this inequality is having a significant negative social impact.

North America E-Waste Management Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Aurubis Ag, Enviro-Hub Holdings Ltd, Sensoneo, Sims Lifecycle Services, Inc, Big Belly Solar, LLC, Waste Management Inc, Electronic Recyclers International, Inc, Veolia Environment SA, Umicore Sa and Tes-Amm, Tetronics Limited, Stena Metall AB, GFL Environmental.

North America E-Waste Management Market Segmentation:

By Material Type: Based on the Material Type, North America E-Waste Management Market is segmented as; Metal, Plastic, Glass, Others.

By Source: Based on the Source, North America E-Waste Management Market is segmented as; Household Appliances, Industrial Electronics, Consumer Electronics.

By Application: Based on the Application, North America E-Waste Management Market is segmented as; Trashed, Recycled.

By Region: This research also includes data for Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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